The Generation-Skipping Transfer Tax and Dynasty Trusts 25-26
4.00 Credits
Member Price $175
Non-Member Price $265
Overview
Transfer taxes, such as the estate and gift tax, create a drag on the accumulation of wealth over a family’s generations. The government promulgated the generation-skipping transfer (GST) tax to discourage avoidance of the estate and gift tax by families. Randy Gardner explores: GST tax terminology, how the GST tax is calculated, ways to avoid the GST tax, and how to design a dynasty trust to pass property from generation to generation.
Highlights
Calculation of the GST tax, and how it relates to the estate tax and gift tax Direct skips, taxable distributions, and taxable terminations GST tax allocations, Reverse QTIP election, and Exempt and Nonexempt Trusts Calculating the benefit of and designing Dynasty TrustsPrerequisites
An understanding of estate and gift tax principles
Designed For
CPAs, attorneys, bankers, financial professionals, insurance professionals, enrolled agents and professional staff.
Objectives
Determine how the GST tax is calculated and how it relates to the estate and gift tax Recognize language in estate planning documents that warrants allocation of the GST tax exemption and making the Reverse QTIP election Identify opportunities to establish Dynasty Trusts to possibly avoid transfer taxes for generations to comePreparation
None
Leader(s):
- James Gardner, CalCPA Webcasts
Non-Member Price $265
Member Price $175